Credit Cards

I saw this recent article written by Liz Koh and thought it was very timely given that in the new year finances are a focus for almost everyone. I have recently seen some close friends as well as clients who have had the status of their finances in their marriage greatly effect and sometimes ruin other parts of their lives.

he good news? Well, there isHere’s another good reason to pay attention to mail from your credit card company: You could soon receive a notice that the interest rate on your credit card is going up. That’s the bad news. Tn’t much, but how about this: You may actually have time to figure out what to do about it.

Finally some sensible credit card rules have been passed to go into effect as of July 1, 2010. According to Demos a pubic policy research organization 1. Prohibit banks from retroactively increasing the interest rate their customers must pay on existing balances. 2. Prohibit banks from allocating payments to lower-rate balances first to maximize finance charges 3. Ban the practice of "double-cycle billing" which calculates interest over more than one month, and can result in higher finances charges…

Retailers are offering a slew of payment options to cash-strapped consumers. But will these new methods end up costing shoppers more?
How you pay for holiday purchases this season is just as important as the size of the deal you get.

With the economy slowing and holidays just around the corner, many consumers may be looking to credit cards to help them get through the heavy shopping season. While that may be a good short-term solution, you want to make sure you don’t overlook the long-term impact on your credit rating.

We’ve all heard about high tech online and email scams that are used by criminals to trick consumers out of their money. But now, some scammers are relying on good old low-tech skills to steal money from consumers… sometimes without being detected for months! Authorities are reporting increased “credit card shaving” activity. Credit card shaving–or resurfacing–occurs when a criminal essentially creates a duplicate credit card using numbers from other cards.

Many people have never checked their credit score. They have always used credit wisely and have probably never been denied a loan. Long story short, they have never really had a good reason to worry about their credit score.

One of the primary ways banks make money each year is through the fees they charge their customers. While some of these fees are understandable and unavoidable, like safe deposit box fees, others are totally within the control of the consumer.

If you have had past credit issues or are having trouble getting approved for financing, it is important to get on a path towards improving your credit history as soon as possible. One way to rebuild poor credit is by getting a secured credit card. A secured credit card is similar to a debit card but spends like a credit card. You deposit funds on to the card, which becomes your credit limit, and then spend against those funds.

Your Debt Resource is dedicated to providing our visitors with the most useful personal finance and debt elimination strategies. Our focus is showing consumers how to pay off all of their credit cards and other debts, including first mortgages, second mortgages, home equity lines of credit (HELOC), student loans, auto loans, and tax liens, in less time, and with less effort than their current plan.

With services including but not limited to debt advisement, debt consulting, credit card debt restructuring, refinancing, budget preparation, budget analysis, and personal finance consultation, you can be sure Your Debt Resource can assist you with your present situation.

Your Debt Resource isn't your average debt advisement or debt consulting firm. We use cutting edge financial strategies and high-level logic to make sure your budget and debt situation is improved as quickly as possible and delivers a lifestyle free of financial worries. Financial Freedom is a major goal of our clients and one that we strive to deliver every day with our sage financial advice and guidance.